CHNR preparing for Sarbanes-Oxley compliance

Since the year of 2007, CHNR has kicked off the “Internal Control Program” to improve corporation's internal control systems according to the requirements under Section 404 of the Sarbanes-Oxley Act. CHNR has specially set up a work team, which consist of a numbers of experienced professional staff, to be responsible for the whole program. Several international management consultancies, has been involved into the quotation to prepare for CHNR’s internal control construction and Sarbanes-Oxley compliance.

Under the requirements of the Sarbanes-Oxley Act, CHNR will issue a report by management assessing the effectiveness of the company’s internal controls over financial reporting (section 404) by the end of 2007. And the company must provide an auditor's attestation report on internal control over financial reporting in annual reports by the end of 2008.